Contracts in Paris and Chicago went south yesterday. The front month on the Matif lost EUR 2.50 and closed Tuesday trading at EUR 336.50/t. The local cash markets are showing a calm course of business. Bread wheat is mainly traded here and there for the new year, for feed wheat there are also talks for prompt deliveries. Overall, however, producers are still hesitant when it comes to selling their harvests. Fodder wheat franko Südoldenburg was stated yesterday at €340/ton. According to the Crop Report, US farmers have completed 79 percent of their winter wheat sowing. They are making somewhat faster progress than the average over the past five years. Heavy rainfall has been announced for the weekend in the previously very dry growing areas in the Great Plains. On the American market, the bad mood on the export front continues to weigh on price development. However, there are slight price gains in electronic trading pre-market today.
Source
VR AGRAR
